Global Nanotechnology market to touch $3 trillion by 2018

Under the aegis of Bharat Ratna Prof. CNR Rao, the 7th editon of Bangalore India Nano 2014 will take place on December 5-6, 2014, organized by the Department of IT, BT, and S&T, Government of Karnataka, under the guidance of Vision Group on Nanotechnology


(from left to right) Shri Srivatsa Krishna; Shri SR Patil; Bharat Ratna Prof. CNR Rao; Prof. AK Sood

The curtain raiser for the conference was held on September 1, 2014, in Bangalore, in the presence of dignitaries including Prof. CNR Rao, chairman, Karnataka's Vision Group on Nanotechnology; Shri SR Patil, minister for Planning and Statistics, IT, BT, Science & Technology; Shri Srivatsa Krishna, IAS, secretary to the Government, Department of IT, BT and S&T, Government of Karnataka; and Prof. AK Sood, department of physics, IISc.

By 2018, the commercial Nanotechnology market is expected to reach $3 trillion, with India having a market chunk of 20-25 percent, revealed Shri Srivatsa.

Themed ‘Nano Horizons' this year, this international event will serve as one stage confluence for the government, scientists, policy makers, research institutes, students, entrepreneurs, industry and academia, offering a plethora of explorative opportunities in advancing Nanotechnology and Nanotechnology.

On the occasion, Prof. CNR Rao said, "In the US, Japan, and China, there is a lot of investment happening in the area of Nanotechnology research. Through this technology, many new materials have come out in the last few years. Actually two years ago, this field didn't exist much. Now it has become a major area of research. There are new developments which are promising, and a number of possibilities are seen in device technology and applications including Spintronics."

When asked about Nanobiotechnology fairing in India, he told BioSpectrum, "Nanobiotechnology is doing very well in the country. Major researches has come out of NCBS proving to be very outstanding matching international standards."


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